Vladimir Putin

Weatherstone, Dennis

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After the election, no new policymakers in Washington, yet international financial markets will change dramatically, not because of the election itself, but because of market forces and government policies that have been building. A discussion of these thoughts follows, with a review (past, present and future) of several factors, and including statistics. These factors include: the decline of walls between different countries' markets in the convergence or integration of world financial markets; shifts in demand and how that has changed the face of world markets; the explosion of financing involving interest rate and currency swaps; the increased volume of international bond issues; the role of commercial banks; changes in the U.K.; changes in the Japanese capital market. What all the changes mean: an erosion of barriers to the ready flow of capital around the world. Securities activities. The Ontario Securities Commission. Risks of involvement with unfamiliar business or financial territory. The general risks of financial activity. Dollar strength. The markets look to government to reduce the budget deficit. Responses by the domestic fiscal policy. Promises of the Reagan administration. What is ahead for interest rates and the U.S. dollar? A basic optimism.